Keep an Eye on Amazon, Apple, and 3 Other Stocks as Friday Approaches

As the markets eagerly await the latest financial insights from major corporations, a handful of industry giants have recently unveiled their quarterly earnings reports, revealing a mix of triumphs and challenges. Apple Inc. defied expectations with robust earnings and revenue, though concerns over a revenue dip in China prompted a market response. Meanwhile, Amazon.com Inc. showcased its strength, surpassing projections and providing an optimistic outlook for the first quarter. Meta Platforms Inc. reported solid financials, introducing a new dividend and an increase in share repurchase authorization. Exxon Mobil Corporation and Bristol-Myers Squibb Company are also on the earnings radar, with market analysts closely watching their performance in today’s trading session.

As of the latest reports, several stocks are expected to be in focus during Friday’s trading session:

1. Exxon Mobil Corporation (NYSE: XOM): Wall Street anticipates Exxon Mobil to report quarterly earnings of $2.21 per share on revenue of $85.23 billion. Exxon Mobil shares rose 0.7% to $103.13 in after-hours trading.
2. Apple, Inc. (NASDAQ: AAPL): Apple reported better-than-expected earnings and revenue for its first quarter, with earnings per share of $2.18 and revenue of $119.6 billion. However, the stock fell 2.9% to $181.45 in after-hours trading due to a revenue decline in China.
3. Bristol-Myers Squibb Company (NYSE: BMY): Analysts expect Bristol-Myers Squibb to earn $1.53 per share on revenue of $11.19 billion for the latest quarter. Bristol-Myers Squibb shares rose 0.4% to $48.88 in after-hours trading.
4. Amazon.com, Inc. (NASDAQ: AMZN): Amazon posted stronger-than-expected results for its fourth quarter, with first-quarter revenue projected to be between $138 billion and $143.5 billion. Amazon shares surged 7.1% to $170.60 in after-hours trading.
5. Meta Platforms, Inc. (NASDAQ: META): Meta reported upbeat fourth-quarter financial results, initiated a quarterly dividend of 50 cents per share, and announced a $50 billion increase to its share repurchase authorization. Meta shares jumped 15.2% to $454.81 in after-hours trading.

Investors will likely closely monitor these companies as they react to earnings reports and other market developments.

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